Traverse Pointe Partners, a Chicago-based private equity firm, is pleased to announce that its portfolio company, The Hope House, a nationally accredited, multi-location, luxury substance abuse treatment operation has acquired – Windward Way Recovery, a full continuum substance abuse treatment facility based in Newport Beach, California (“Windward Way”). Financial terms of the transaction were not disclosed.
“Our acquisition of Windward Recovery expands our geographic footprint and presents tremendous opportunity to the Hope House” said Michael Simon, Managing Principal of Traverse Pointe. “Quinn McCullough and the Hope House leadership team continue to exceed our expectations, and we’re excited to have the opportunity to further invest around this great team. Windward Way presents an opportunity for The Hope House to broaden its reach, expand its service offerings and create a greater impact to our customers and clients. We remain committed to this investment and look forward to continue building it with confidence, alongside the impressive management team we have in place.”
Quinn McCullough, Chief Executive Officer of The Hope House, commented: “We’re excited to continue the strong foundation established at Windward Way. Their team has demonstrated exceptional professionalism and commitment throughout this process, and their clinical and medical programs align well with our standards of excellence. Traverse Pointe has been an outstanding partner at every stage of our growth, and this newest acquisition represents a significant step forward in our shared mission. We believe Windward Way will expand our national footprint and further elevate our offering of high-quality, evidence-based rehabilitation services. Together with Traverse, we remain committed to reaching and helping as many individuals as possible.”
About The Hope House
Founded in 2018 and located in Scottsdale, AZ, the Hope House is a nationally accredited, dual location, luxury substance abuse treatment operation. The Company provides 24/7 holistic and personalized treatment for alcohol, drug, and opioid addictions. The Company brings superior treatment quality to all of its patients with Masters level clinicians and a fully licensed staff. Additionally, the luxurious amenities, focus on successful outcomes and personalized recovery plans result in longer duration stays and a high completion percentage of its program for the Company’s patients.
About Traverse Pointe Partners
Traverse Pointe Partners is a private equity investment firm focused on control investments in lower middle-market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital along with operational, financial and strategic support to enable organizations to maximize their potential. To date, Traverse has made seven platform investments and 12 add-on acquisitions.